Loading...

Swedish apartment prices fall 2pc in fourth quarter

Published: January 15, 2018 14:49:40 | Updated: January 16, 2018 15:21:33


File Photo (Collected)

Swedish apartment prices fell 2.0 per cent in the fourth quarter (Q4) from the same period a year earlier, data from an association of the country’s real estate agents showed on Monday.

Prices of single-family homes in Sweden increased 5.0 per cent, the Svensk Maklarstatistik association said.

Compared with the September-November period this year, apartment prices were down 3.0 per cent, while single-family home prices fell 2.0 per cent, reports Reuters.

Property prices have surged in recent years, outpacing wage growth, and authorities have long warned about high debt levels being a threat to the developed export-oriented economy.

However, home prices have dipped, mainly due to a surge in building and new, tougher mortgage rules.

Share if you like